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Sugar not truly in our hearts: Jose Mari Chan says industry facing challenges

ABS-CBN News
Updated as of Dec 28 02:11 PM

Chan, who owns the Binalbagan-Isabela Sugar Company Inc. and A. Chan Sugar Corporation, said that the Philippines used to produce 2.6 million tons of sugar a year, but this is now down to just 2 million tons.  Read more »

Asset sale slashed debt in half, ‘derisked’ business: Roxas Holdings

ABS-CBN News
Posted at Dec 18 09:38 AM

The sale of Roxas group's assets was able to pay off half of its debt in a move to derisk its business, it said on Thursday. Read more »

Manila Water, partners ink deal to manage, operate Saudi Arabia water utility

ABS-CBN News
Posted at Dec 04 11:49 AM

Manila Water and its international partners inked a 7-year deal to "manage, operate and maintain" the water and wastewater facilities of Saudi Arabia's North West Cluster, the company told the stock exchange on Friday. Read more »

Electricity bills, other charges now payable in ShopeePay

ABS-CBN News
Posted at Dec 04 04:54 AM

MANILA - Power users can now pay their electricity bills through Shopee's mobile wallet, ShopeePay. Read more »

Ayala Corp chief sees uneven economic recovery, continuing pain for MSMEs in 2021

ABS-CBN News
Posted at Dec 01 03:04 PM

The head of Ayala Corp on Tuesday said the country’s recovery from the disruptions of the COVID-19 pandemic will likely be uneven, with big companies quickly bouncing back while smaller businesses continuing to face challenges.  Read more »

'Trump is better': In Asia, pro-democracy forces worry about Biden

Hannah Beech, The New York Times
Posted at Dec 01 09:47 AM

BANGKOK — A dissident once branded Enemy No. 1 by the Chinese Communist Party is spreading conspiracy theories about vote-rigging in the U.S. presidential election. Read more »

PNOC eyes increasing stake in Malampaya

Davinci Maru, ABS-CBN News
Posted at Nov 10 04:48 PM

The Philippine National Oil Company (PNOC) said Tuesday it was studying the possibility of increasing its stake in the Malampaya gas field following Chevron’s divestment of the project. Read more »

The CompanY soothes broken hearts in latest single 'Sumakabilang Puso'

ABS-CBN News
Posted at Nov 04 11:26 AM

ABS-CBN's Star Music has released the music video of The CompanY's latest single "Sumakabilang Puso." Read more »

Group urges to keep Petron refinery running amid closure reports

Warren de Guzman, ABS-CBN News
Posted at Oct 29 12:03 AM

Several news organizations earlier reported that Petron was planning to permanently shut down its Bataan refinery because the tax system put it at a disadvantage versus importers of finished products.  Read more »

Nasa 30 ride-hailing service drivers, nag-protest caravan sa LTFRB laban sa OWTO

Jervis Manahan, ABS-CBN News
Posted at Oct 06 10:33 AM

MAYNILA - Nasa 30 ride-hailing service drivers ang nagsagawa ng protest caravan mula Tomas Morato papuntang tanggapan ng Land Transportation Franchising and Regulatory Board sa Quezon City para magsampa ng reklamo laban sa kompanyang OWTO.   Read more »

Busy Arman Ferrer records song for pandemic for Ma-Yi Theater Company

Leah C. Salterio
Posted at Sep 27 06:25 AM

Last month, actor-tenor Arman Ferrer was honored to have been handpicked by songwriter Fabian Obispo to record one of the tracks for “A Divergent War: Songs for the Pandemic,” with lyrics by Joi Barrios and music by Obispo.   Read more »

Back to Venus: Upstart company wants to beat NASA in search for life

Ivan Couronne, Agence France-Presse
Posted at Sep 26 02:42 AM

Can a small American aerospace company get to Venus before NASA returns to our superheated planetary neighbor? Read more »

Converge ICT moves a step closer to IPO

ABS-CBN News
Posted at Sep 24 09:33 PM

Internet service provider Converge ICT moved a step closer to listing via initial public offering after the SEC said Thursday it has "considered favorably" the company's application. Read more »

Antitrust body approves Thai bank's share purchase of Security Bank's consumer loan arm

ABS-CBN News
Posted at Sep 24 04:19 PM

The country's antitrust watchdog has cleared the share purchase by Thailand’s Bank of Ayudhya of 50 percent of SB Finance Company, the consumer loan subsidiary of Security Bank. Read more »

Luckin Coffee, associated firms fined $9 million over scandal

Agence France-Presse
Posted at Sep 22 02:57 PM

Embattled Chinese chain Luckin Coffee is among a raft of 45 companies hit with a combined fine of nearly $9 million over a scandal involving false sales figures, China's market regulator said Tuesday. Read more »

Megawide, Korean firms JV bags construction, engineering works for Malolos-Clark Railway project

ABS-CBN News
Posted at Sep 21 09:29 AM

Megawide Construction Corp. on Monday said its consortium with Hyundai Engineering & Constructions Co. Ltd. and Dong-ah Geological Engineering Company Ltd has been awarded the Malolos-Clark Railway Package (MCRP) 1. Read more »

SC declares provisions allowing MORE takeover of PECO assets valid

Mike Navallo, ABS-CBN News
Updated as of Sep 16 02:04 PM

In a closely-contested vote, the Supreme Court ruled Tuesday in favor of MORE Electric and Power Corp. against rival Panay Electric Company (PECO) in declaring the takeover provisions of its franchise valid, said SC spokesperson Brian Keith Hosaka. Read more »

DICT ramps up tower build with provisional certificates issuance to tower firms

ABS-CBN News
Posted at Sep 15 02:28 PM

he Department of Information and Communications Technology (DICT) on Tuesday it has issued 23 provisional certificates to independent tower companies in a bid to ramp up the roll-out of common telco towers in the country. Read more »

European company nais mag-clinical trial sa PH vs COVID-19

ABS-CBN News
Posted at Sep 09 08:24 PM

Isang European company ang gustong maglunsad ng clinical trials sa Pilipinas para sa bakuna kontra COVID-19.    Read more »

Globe ramps up cell site deployment via deals with tower companies

ABS-CBN News
Updated as of Sep 09 03:09 PM

Globe Telecom said Wednesday it is ramping up cell site deployment across the Philippines as its partnerships with independent tower companies “advanced to active acquisition and build phases.” Read more »